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Menace of black money-a complicated solution?
Kashmir Times. Dated: 10/8/2015 12:15:28 PM
Dear Editor,
Blackmoney in our country is stated to be equal to the total national economy of our country. Several steps were take from time to time in the past by the previous Central dispensations but in vain it went on growing by keeps and bounds. The NDA and in particular the BJP, during its election campaign in 2014 Parliamentary elections assured to unearth black money fast within days and every Indian will have rupees 15 lakh in his pocket soon.
The people trusted and gave whole hearted support and the NDA won elections with thumping majority.
The drive launched by the NDA government giving 90 days compliance window to disclose their over seas assets yielded mere Rs 4,147 crore out of which the government’s total tax receipt from the black money declared during the window period will reportedly be Rs 2,488 crore according to the Union Revenue Secretary. Only 638 disclosures have made during this period.
The people responsible concealing black money are influential persons who do not care for the laws or the law enforcing authorities as this disclosure appears to be mere a tip of an ice berg of black money which they indulge because of their connections at high places.
Stringent action is needed to be taken against these dare devil defaulters without any kind of fear or favour to unearch black money and many kinds of crimes committed by these wicked persons can automatically come down to a great extent.
--Krishen Singh
Talab Tillo, Jammu